Delhaize to sell Sweetbay, Harveys and Reid’s

  • Posted: Wednesday, May 29, 2013 9:55 a.m.

Delhaize Group, parent company of Food Lion, has made a deal to sell Sweetbay, Harveys and Reid’s stores to Bi-Lo for $265 million.

Bi-Lo will take over 155 stores as well as leases for 10 former Sweetbay locations.

Delhaize will keep Sweetbay’s distribution center.

Delhaize CEO Pierre-Olivier Beckers said this will simplify the business and allow for great focus on Delhaize America.

See Thursday’s Post for more.

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